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a $3 500.00 principal earns 3 interest compounded semiannually after 20 yeara what is the balance in the account
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a $3 500.00 principal earns 3 interest compounded semiannually after 20 yeara what is the balance in the account

User Farzaneh Torkpichlou
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1 Answer

5 votes
A=3,500×(1+0.03÷2)^(2×20)
A=6,349.06
User Vtsamis
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